EUR/CHF – 30M – SELLThe pair Euro/Swiss Franc (EUR/CHF) moves from the ascending trendline down.
A descending movement downwards to the next support level at 0.93423 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.93694 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.93475416 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.93694 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94053 |
| 2nd High | 0.93806 |
| Next High | 0.93694 |
| Current Price | 0.93607 |
| Next Low | 0.93423 |
| 2nd Low | 0.93297 |
| 3rd Low | 0.93057 |